Take ATI Profits

Lock in 20% Overnight Gainer

By Bryan Bottarelli
Wednesday, February 14, 2007 11:52 AM EST
Wed, 14 Feb 2007 16:52:00 GMT

Dear Bottarelli Research Member,

First off, it’s a good thing we took profits on our RIG March 80 Calls (RIG CP) this morning — as the stock has since fallen into the negative based on the oil supply numbers. I continue to think that RIG is not getting due credit for their phenomenal Q4, which means the stock still looks good for an upside play. But for today, the right thing to do was the take our profits off the table — and I’ll look for a possible re-entry point in the near future.

RIG

In the meantime, let’s lock in an overnight 20% gain on our ATI April 110 Calls (ATI DX). As I write, the stock is up $1.30 which has pushed your calls up to $3.30 in today’s action. Let’s go ahead and take the profits off the table if we can get triggered for $3.30 per contract.

ATI

PLAY: Sell your ATI April 110 Calls (ATI DX) at or above $3.30, good for the day.

Oh, and a friendly reminder for all you married men out there: Be sure not to come home from work empty-handed today. After all, it’s Valentines Day!

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From February 2007